Orca Capital selects CACEIS for clearing 30 March 2017 Munich Reporter: Drew Nicol
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CACEIS has been selected to provide cash equity clearing and settlement services to Munich-based Orca Capital for Orca’s global securities and bonds trading activity.
The mandate, which began at the end of 2016, also extends to services such as securities lending, and derivatives execution and clearing.
Wolfgang Burckhardt, managing director at Orca Capital, said: "We were keen to engage a local, German-speaking service provider with a flexible client-centric approach and responsive support teams.”
“We look forward to strengthening this initial partnership, and are confident that CACEIS’s expertise in cash equity clearing and asset servicing will benefit our company. The high levels of straight-through processing, combined with global market knowledge, meet our requirements in terms of speed and efficiency of securities transaction processing.”
Holger Sepp, member of the management board of CACEIS in Germany, added: “We are very pleased to be working with Orca Capital, which is active on the world`s leading stock markets.”
“CACEIS offers market-leading cash equity clearing services out of its group servicing center in Germany. We are delighted to count Orca Capital among our many large national and international clients.”
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